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#127281
From F1 Live:

Lola has withdrawn itself from the FIA's reserve list of potential 2010 Formula One teams.

The British racing car company lodged an application and due diligence was carried out by the FIA, but Lola was ultimately overlooked on the initial entry list by F1's governing body.

Several of the unsuccessful applicants, however, were put on a reserve list in light of the provisional status of the rebel Formula One Teams Association members.

The 'reserve' teams therefore have another opportunity to enter the 2010 season if the eight FOTA members decide to refrain from participating in Formula One starting next year.

Lola on Wednesday confirmed that the FIA requested it remain "in a state of readiness" but said it decided to "withdraw its application" nonetheless.

It is believed the outfit is particularly disappointed at missing out, noting in its press statement that "significant financial investment" was spent on its 2010 car.

The pullout may be a sign that the firm believes an agreement will be reached between the FIA and FOTA, locking it out of Formula One.

Speculation might rise however that Lola is holding out in order to save its investment by entering a possible new manufacturer-backed series estabished by the eight rebel FOTA members.

Pulling off from the FIA reserve list avoids being automatically bound to F1 if the rebel teams quit and free up slots for 2010.

"No further comment will be made," indicated Lola, which is actively involved in several series including Le Mans prototype racing.

D.B. © CAPSIS International
Source: GMM
#127362
Shrewd move by Lola it seems.

:yes: but, theres a but if the status quo remains they will be left out of either series.


They'd be out anyway in the status quo scenario (assuming the other three come good), but could have a foot in if it comes to a breakaway series. And they rightly made a statement at the same time saying: f... you Max for taking Campos and Manor over us!
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